Swiss Trust: The Swiss Trust Company That Does Not Exist
Looking for a Swiss trust or a Swiss trust company? Swiss law has no trust. Here is what exists instead: SRO companies, FINMA licences,…
Category: Insight
Stablecoins in Switzerland and the EU: The Complete FintechLex Guide
The complete FintechLex series on stablecoin regulation in Switzerland and the EU, in reading order: rules, licences, economics and traps.
Issuer or Distributor? Why Most Fintechs Should Not Issue Their Own Stablecoin
Every fintech wants its own stablecoin. Most should not issue one. The burden is in issuing; the money is usually in using the coin.
Stablecoins Across the Swiss–EU Border: USDT and USDC Coming In, Swiss Coins Going Out
USDT is leaving EU platforms but stays legal in Switzerland, while a Swiss franc stablecoin cannot simply be sold into the EU. How the…
Your Stablecoin Is Global. Its Reserves Are Not: The USDT Case
USDT is global, but its reserves are not. Where Tether’s backing really sits, whose law reaches it, and what a holder can actually redeem.
Why a Swiss Franc Stablecoin Is a Hard Business: The Zero-Rate Problem
Everyone wants the Swiss franc on-chain. The demand is real; the economics are not. With the Swiss National Bank at 0%, the reserve of…
Switzerland vs the EU: Which Swiss Licence Matches Which European Licence?
Switzerland is creating two new licences. Side by side with the EMI, MiCA and stablecoin rules: what matches, what has no equivalent, and what…
EMI, MiCA and Stablecoin Licences in Europe: Three Regimes, and What PSD3 Changes
Payments, crypto services and stablecoins each have their own European rulebook. What each licence allows, where they overlap, and what PSD3 changes for existing…
Switzerland’s Two New Licences: What Goes to the Payment Licence, What Goes to the Crypto Licence, and What Is Left for the SRO
Two new Swiss licences are coming. What belongs to the payment instrument institution, what belongs to the crypto institution, and what a crypto business…
Stablecoins: When Even a Bank Needs a Separately Licensed Subsidiary
Under Switzerland's draft stablecoin law, a bank could not issue a regulated stablecoin itself. It would need a separately licensed subsidiary. Is that justified?
